May canola is down $1.50/mt, May soybean oil is up .54 cents/pound, May European rapeseed is up 1.00 euro per mt and June Malaysian palm oil is up .31%. May oats are up 4 1/4 cents/bushel. May crude oil is up $.86 per barrel, May ULSD is up $.0128 per gallon, and the June Canadian dollar is up .00145 at .72065. The June U.S. Dollar Index is down .045 at 99.810 and the May Brazilian real is up .00070 at 0.19300.

Energy markets are responding to the bullish factors suggested in the morning opening comments with crude oil back up almost $1/barrel on the day now. Both the U.S. and Iran have rejected any form of compromise with it looking like (Trump's) Tuesday evening deadline for Iran to open the Strait of Hormuz or have all their energy plants and bridges destroyed is still in play. In addition, Trump just reiterated that if it was up to him, he would take their oil (Iran's) and keep it -- as another example of the state of where negotiations are (not) at.

Grain and oilseed markets remain mixed despite the developments with energy-related markets like soybean oil leading the way higher again. Corn has turned green on the day with gains also seen in soybeans while wheat and canola can't seem to get above unchanged yet.

Outside markets are subdued as if holding out hope yet for a last-minute breakthrough, as unlikely as that seems considering how far apart the sides are. Treasury and equity markets are quietly higher, and the U.S. dollar remains slightly lower.

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